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Show The National Enterprise, June 15, 1977 Page seven illl) Option Market News by Warren M. Ketcham, Ph.D. Prince, Langheinrich & Greer The stock market remains stuck in a narrow trailing range for the second consecutive week, moving between about 900 and 915 on the Dow. Since this narrow movement is not soon. Reasons for it to move normal, look for a break-ou- t higher include most stocks at relatively low ratios and a long overdue technical rally. Reasons for it to go lower arc a maturing bull market, net selling by mutual funds, and a summer lethargy in trading volume. price-earnin- gs One way to play the market when you believe either a sharp move up or down is likely is to buy a straddle. If the stock Two goes up or down enough, you will make money. examples of straddles are ASA and IBM. With ASA at 18, an If ASA ASA Nov 20 call is 1 and an ASA Nov 20 put is cost of the straddle, either to 8 moves beyond the 8 a gain is realized at option expiration. For IBM at or 252, a buy of an October 240 put and 260 call costs about 1 . Movement of IBM beyond 229 or 271 ensures a profit. in a Piper. Take us upon our offer and well take you up in our Piper. Our $5 introductory lesson is a great way to find out what flying is all about. You'll be surprised at how easy it can be to learn. Call now and reserve a time for your introductory lesson. And we will be happy to answer any questions. 2-5- 3-5- 23-5- 8. 16-3- 8, 1 Salt Lake International Airport - ask for Nancy 5 call 359-208- Ogden Airport cal 399-- 1 123 -- ask for Don 1 One of our qualified instructors will accompany you and answer your questions as well as demonstrate some basics of flight. SHELDON'S CNC TURNING WITH A PLUS . Sheldon Is committed to Computer Numerical Control (CNC) turning. . 1 K 1 7 Jtoslcelleij Go. SALT NORTH BECK STREET TELEPHONE (801) 355-6226 LAKE MACHINE TOOLS UTAH 84116 CITY. TELEX 388-39- 9 Because CNC produces parts faster, with greater accuracy, more consistancy and in less square feet of manufacturing space. But Sheldon doesnt just sell machines. They have virtually unlimited parts program training. And personnel training-usin- g your parts, your people, their factory. Call for more information and a free color brochure about Sheldons e responsibility for the entire program of machine, control, programming and service: TURNCEPT. one-sourc- |